Musk leads a $97.4 billion proposal to acquire OpenAI, which is rejected by Altman

ChainCatcher news, according to The Wall Street Journal, a group of investors led by Musk has proposed to acquire the nonprofit organization that controls OpenAI for $97.4 billion, hoping to restore it as a "public benefit organization focused on open source and safety." In response, OpenAI CEO Sam Altman stated on the X platform, "No, thank you, but if you’re willing, we can acquire Twitter for $9.74 billion."

The acquisition proposal is led by Musk's AI company xAI, with investors including Valor Equity Partners, Baron Capital, Atreides Management, Vy Capital, 8VC, and Ari Emanuel's investment fund. OpenAI has not responded.